Overview of the Market for Cotton Lint And Cotton Seed in Chile
In value terms, cotton lint and cotton seed production reached $ in 2018 estimated in export prices. In general, the total production indicated modest growth from 2007 to 2018: its value increased at an average annual rate of +% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, and cotton seed production increased by +% against 2015 indices. The most prominent rate of growth was recorded in 2011 with an increase of % y-o-y. As a result, production reached the peak level of $. From 2012 to 2018, and cotton seed production growth remained at a somewhat lower figure.
In 2018, the average cotton lint and cotton seed yield in Chile stood at kg per ha, approximately mirroring 2017. Overall, the yield continues to indicate a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.
In 2018, the total area harvested in terms of cotton lint production in Chile amounted to ha, stabilizing at the previous year. Over the period under review, the harvested area showed a relatively flat trend pattern.
The revenue of the market for cotton lint in Chile dropped significantly to $ in 2018, which is down by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption recorded a noticeable descent. The pace of growth appeared the most rapid in 2011 when the market value increased by % against the previous year. Over the period under review, the market hit record highs at $ in 2015; however, from 2016 to 2018, consumption stood at a somewhat lower figure.